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DBS Group Holdings

Market Cap

S$75.4b

Last Updated

2021/05/13 11:00 UTC

Data Sources

Company Financials +

Executive Summary

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has DBS Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: D05 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: D05's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

D05

-0.2%

SG Banks

-1.4%

SG Market


1 Year Return

55.6%

D05

24.4%

SG Banks

21.2%

SG Market

Return vs Industry: D05 exceeded the SG Banks industry which returned 23% over the past year.

Return vs Market: D05 exceeded the SG Market which returned 19.3% over the past year.


Shareholder returns

D05IndustryMarket
7 Day-0.2%-0.2%-1.4%
30 Day2.3%0.2%-2.4%
90 Day13.2%1.8%5.1%
1 Year60.0%55.6%29.7%24.4%26.9%21.2%
3 Year17.6%2.3%3.4%-7.9%-4.1%-15.6%
5 Year146.6%96.5%54.5%27.4%23.4%1.1%

Long-Term Price Volatility Vs. Market

How volatile is DBS Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is DBS Group Holdings undervalued compared to its fair value and its price relative to the market?

22.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: D05 (SGD29.5) is trading below our estimate of fair value (SGD37.83)

Significantly Below Fair Value: D05 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: D05 is poor value based on its PE Ratio (13.8x) compared to the Asian Banks industry average (11.1x).

PE vs Market: D05 is good value based on its PE Ratio (13.8x) compared to the SG market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: D05 is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: D05 is overvalued based on its PB Ratio (1.4x) compared to the XA Banks industry average (0.6x).


Future Growth

How is DBS Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

8.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: D05's forecast earnings growth (8.2% per year) is above the savings rate (1.9%).

Earnings vs Market: D05's earnings (8.2% per year) are forecast to grow slower than the SG market (24.8% per year).

High Growth Earnings: D05's earnings are forecast to grow, but not significantly.

Revenue vs Market: D05's revenue (6.9% per year) is forecast to grow slower than the SG market (7.8% per year).

High Growth Revenue: D05's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: D05's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has DBS Group Holdings performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: D05 has high quality earnings.

Growing Profit Margin: D05's current net profit margins (43.8%) are higher than last year (43.7%).


Past Earnings Growth Analysis

Earnings Trend: D05's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: D05's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: D05 had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Banks industry average (-8.4%).


Return on Equity

High ROE: D05's Return on Equity (10.2%) is considered low.


Financial Health

How is DBS Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: D05's Assets to Equity ratio (11.9x) is moderate.

Allowance for Bad Loans: D05 has a sufficient allowance for bad loans (109%).

Low Risk Liabilities: 78% of D05's liabilities are made up of primarily low risk sources of funding.

Loan Level: D05 has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: D05's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: D05 has an appropriate level of bad loans (1.6%).


Dividend

What is DBS Group Holdings's current dividend yield, its reliability and sustainability?

2.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: D05's dividend (2.44%) is higher than the bottom 25% of dividend payers in the SG market (1.82%).

High Dividend: D05's dividend (2.44%) is low compared to the top 25% of dividend payers in the SG market (4.71%).


Stability and Growth of Payments

Stable Dividend: D05's dividend payments have been volatile in the past 10 years.

Growing Dividend: D05's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.7%), D05's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: D05's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.2yrs

Average management tenure


CEO

Piyush Gupta (60 yo)

11.5yrs

Tenure

S$9,182,630

Compensation

Mr. Piyush Gupta has been the Chief Executive Officer of DBS Group Holdings Ltd and DBS Bank Ltd. since November 9, 2009. Mr. Gupta served as the Chief Executive Officer of South-East Asia & Pacific region...


CEO Compensation Analysis

Compensation vs Market: Piyush's total compensation ($USD6.89M) is above average for companies of similar size in the SG market ($USD3.68M).

Compensation vs Earnings: Piyush's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: D05's management team is seasoned and experienced (11.2 years average tenure).


Board Members

Experienced Board: D05's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DBS Group Holdings Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DBS Group Holdings Ltd
  • Ticker: D05
  • Exchange: SGX
  • Founded: 1968
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: S$75.414b
  • Shares outstanding: 2.56b
  • Website: https://www.dbs.com

Number of Employees


Location

  • DBS Group Holdings Ltd
  • 12 Marina Boulevard
  • DBS Asia Central @ Marina Bay Financial Centre
  • Singapore
  • 18982
  • Singapore

Listings


Biography

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Ma...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 11:00
End of Day Share Price2021/05/12 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.